Radiant Systems Acquires Texas Digital Systems, Inc. 8/9/11
Radiant Systems Acquires Texas Digital Systems, Inc.
Companies combine strengths to help leaders in the industries they serve better connect with consumers
ATLANTA (August 9, 2011) — Radiant Systems, Inc. (Nasdaq: RADS) announced today that it has acquired Texas Digital Systems, Inc., a leader in order confirmation displays and digital signage solutions. Texas Digital’s solutions enable businesses to improve order accuracy, increase speed of service and influence sales at the point-of-purchase.
“Order confirmation and digital signage is an emerging growth opportunity for Radiant, and this acquisition enhances our ability to accelerate the adoption of digital signage” said Andy Heyman, chief operating officer at Radiant Systems. “Integrating Texas Digital’s products into our solution offerings will drive more value for our customers.”
With more than 22,000 installations in 40 countries, Texas Digital develops order confirmation displays and digital signage solutions that can be implemented in a variety of indoor and outdoor environments, including restaurants, entertainment, arenas and stadiums and theme parks.
“Radiant and Texas Digital have complementary products and have been strong business partners for many years,” said Dennis Davidson, president and chief operating officer of Texas Digital Systems. “Our companies are well aligned in the markets we serve and we are excited to become a part of their team.”
About Radiant Systems, Inc.
Headquartered in Atlanta, Radiant Systems, Inc. (Nasdaq: RADS) is a global provider of innovative technology and services to the hospitality and retail industries. With more than 100,000 installations worldwide, our customers include leading brands and venues in the restaurant and food service, sports and entertainment, petroleum and convenience, and specialty retail markets. Radiant has offices in North America, Europe, Asia and Australia. For more information about Radiant Systems:
About Texas Digital Systems, Inc.
Established in 1972, Texas Digital is a leading provider of digital signage solutions, with over 22,000 installations worldwide. Texas Digital’s customers include leaders in the corporate communications, education, cinema, healthcare, sports and entertainment, financial and quick-serve restaurant industries. For more information on Texas Digital and its products, visit www.txdigital.com.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
Radiant Systems, Inc.
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- Radiant Systems Acquires Texas Digital Systems, Inc. 8/9/11
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